Ethereum Price Recovers Slightly Despite the Network Outrage; Is the $2000 Target Still in Play?
EthereumEthereum Price Recovers Slightly Despite the Network Outrage; Is the $2000 Target Still in Play?2 minuto ang nakalipasBalita ng Ethereum ng Bitcoin The second-largest crypto faced a major network outrage in the past few hours as it struggled to finalize blocks. This sparked major security concerns among the ETH holders as the clients started to release patches to fix the networks stability. Similar to Bitcoin, unconfirmed transactions piled up over the network as they failed to reach finality. Presently, the Ethereum blockchain is processing transactions smoothly, as the outrage lasted only for over 25 minutes. Regardless of this, the on-chain activity of the network remained unimpacted, along with the value of the token. The ETH price is currently surging beyond the crucial resistance of $1800 but has yet to validate the breakout. The ETH price is trading within a rising wedge pattern and is currently testing one of the major resistance levels at $1800. A rebound from these levels may lift the price back toward $1900, which may pave the way for the token to reach $2000 in the coming days. Otherwise, a breakdown may drag the price back below $1800. Further, if the bearish action continues, the trend may even drag close